If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Like you Robins, I thought today was going to be good news day?
It’s not like there isn’t a lot to say:
ALR - waiting for second Environment permission - then simple dig and sell production can begin
DRC - Mr B .has his cheque for 51% of $15mm
Expensive funding agreed in Dec not completely needed
Joint venture on another asset announced
Case against the mighty G commenced
3p takeover bid for all of RRR assets
Then the alarm clock went off and it was a “silent Monday morning” !
Fingers crossed for later in the day, week or maybe year
If that late £35k trade on Friday was a buy dare we expect good news on Monday?
So 15th Dec they raised $500k
Before raise 1.322bn shares
On 15th they issued 45m shares with 17m as a fee.
Today it's another28m
Plus $274k at same price and $78k fee. Say that's £290k at.25p price = 116m shares
So the fund raise of $500k has cost 187m shares
Dilution = 187 m new shares on 1,322m base -= So 14% dilution. Very expensive and more to come as were blown trache 1.
buy price is below mid, I just picked up 100k @0.345p
I think we might end down today. Where are we with Elephant OIL?
the market immediately after the news is up .02
Reads to me like subscriber could have elected for 0.2p the floor price and rounded down from current SP or their money back . I have been pointing this out for weeks. RRR is paying them $76k not to either issue at 0.2p or give them all there money back which they could elect to.
It's desperate - fat lady is singing and we need DRC immediately.
Not in RRR control when subscriber requests
Issuing shares at just 0.25p is a real kick in the teeth to existing shareholders.
If a large payout from DRC is really expected in the coming weeks then it doesn't make sense to issue shares at such a large discount
LOL, I'm sure you're right! Was just curious. I was hoping that POW might try and take a controlling interest at NBGC.
Moneybags brain had a rumour re DRC cash two days ago - so I wouldn't get to excited.. They could get a bid for specific assets but the whole company is rag bag of oddities taking it whole is about as likely as the moon being made of cheese. That's not negative at all and most company supporters I think would concur.
Also if you took the whole lot in a bid of say £8m it does not read acrossto doubling the SP. Far too many options and freebes kick in to dilute the gain to posters on here.
Hopefully some news soon as next fund raise will be a blood bath
Which BB was that?
Rumours of a bid approach for RRR on another bb
2m buy was reported above the offer just before close.
Fingers crossed for news tomorrow
https://twitter.com/LithiumIonBull/status/1628775276229591040?t=CYzB0NAEkVYCUWgwzd6dFA&s=19
RNS tomorrow???
Hawaii5O no mention by AB on Vox
IMO AB has probably learned his lesson about Congo
Someone bought 2m at .38p towards the close.
Well genuinely best of luck guys. Long suffering holders deserve some good news
Well brains if we have a positive RNS tomorrow I owe you a pint.
Looks like someone knows something
Well Hawaii I have been thinking for many years that something good is going to happen but it NEVER does.
You get the feeling something is brewing, checked online today and it was very hard to buy in any size, they were NT only for a very small quantity of stock this morning.
Add to the mix those 1m+ buys that have been printed late it does seem, yesterday there was a 1.75m buy towards the close.
With so much going on it makes you wonder if there is going to be some material news announced finally, it was interesting that Bell did not mention the Congo cash in the Vox podcast, maybe those wriggly entities are now out of wriggle room and finally RRR will get the money.
Only time will tell.
Someone knows something, look at the late buys